Sherritt seeks new capital to restart Alberta refinery, Cuban Moa venture
Toronto-based Sherritt International says both its Alberta refinery and its Cuban joint venture remain idle after shutdowns tied to intensified U.S. measures.
Why it matters
A prolonged shutdown at Sherritt's Alberta refinery could affect local jobs and the province's nickel and cobalt processing capacity.
Sherritt International Corp. says it needs a significant amount of new capital before it can restart its Alberta refinery and its Moa joint venture in Cuba, both of which were shut down amid escalating U.S. measures affecting the company's operations.
The Toronto-based miner did not specify how much capital would be required or provide a timeline for a possible restart. The company indicated the funding is essential to resuming production at both facilities.
Sherritt's Alberta refinery processes nickel and cobalt, while the Moa joint venture in Cuba is a key part of its mining operations. Both have been offline as the company navigates the fallout from tightened U.S. restrictions.
Compiled by the Alberta Daily Desk — an AI-written summary of reporting from the credited sources below, produced and reviewed under our editorial policy.